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Purchasing power of money is down by a factor of 100 in 50 years. Even 1970, as a college student in Indiana, I could buy a breakfast of 2 eggs, 2 sausages, a glass of orange juice, two slices of toast for a dollar. Gas was 25 -30 cents a gallon.
What is money worth today?
Quantitative easing is a camaflouge for printing money. So there is a lot money without value.
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We Don’t Have A Wage Problem; We Have A Money Problem
Purchasing power of money is down by a factor of 100 in 50 years. Even 1970, as a college student in Indiana, I could buy a breakfast of 2 eggs, 2 sausages, a glass of orange juice, two slices of toast for a dollar. Gas was 25 -30 cents a gallon.
What is money worth today?
Investors Start To Panic As A Global Bond Market Crash Begins
Quantitative easing is a camaflouge for printing money. So there is a lot money without value.